Carthage Industrial Development Corp. moving ahead on projects

CARTHAGE  The Carthage Industrial Development Corp. will hire Aubertine and Currier Architects, Engineers & Land Surveyors PLLC of Watertown at a cost of $14,720 to work with the Thousand Islands Area Habitat for Humanity to develop a subdivision design for the Braman property.

The CIDC owns the Alexandria Street property that formerly housed the Braman Manufacturing Co. The 3.75-acre parcel was rezoned to R-3 by the village to facilitate the use of the lot for housing to be built in conjunction with Habitat for Humanity.

The CIDC also is moving ahead to negotiate a five-year purchase option for the neighboring Moore property, also to be developed for housing for qualified low-income families. Habitat works with proposed homeowners to build houses with no-interest mortgages or innovative financing methods. The CIDC board also approved up to $15,000 to be used for a Phase II environmental study at the Moore site.

It was decided to continue membership in the Greater Watertown Chamber of Commerce. Although the CIDC first joined the chamber to take advantage of utility cost reductions, it received no savings. Regardless, the board decided to remain members.

Its good to be a member, Thomas H. Piche said.

It was noted the chamber aided in marketing the corporations commercial space.

CIDC President Robert E. Gormley said attending the Business After Hours has brought businesses into the Carthage community.

The CIDC has reworked its lease agreement with Northbrook Carthage LLC, which operates the corporations hydroelectric plant on West End Avenue.

The revised agreement increases the percentage of payment to 42.2 percent of the gross energy sales derived from net generation of the project up to and including 20,000,000 kwh in any calendar year. The agreement further states the total rent shall not be less than $370,000 per year.

The board also adopted its Public Authorities Reporting Information System five-year budget as mandated by the state.

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